USDCHF ran lower this week and made bearish breaks. Can the sellers keep control.

4 hour chart shows the progression lower. The USDCHF this week trended lower and along the way, cracked below some downside technical levels.    Looking at the 4-hour chart above, the price started the technical breaks below an upward sloping trend line, fell below the 100 bar MA  (blue line) and then the 200 bar […]

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Dollar looks for next catalyst as economic data keep bulls in control

© Reuters. Saudi riyal, yuan, Turkish lira, pound, U.S. dollar, euro and Jordanian dinar banknotes are seen in this illustration By Stanley White TOKYO (Reuters) – The dollar was largely steady on Monday as investors soaked up last week’s strong U.S. employment report and looked ahead to data on the U.S. services sector for affirmation […]

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USTR vows to keep battling ‘significant’ foreign trade barriers

© Reuters. FILE PHOTO: U.S. Senate Finance Committee conducts hearing on nomination of Katherine Tai to be U.S. Trade Representative. By Andrea Shalal and David Lawder WASHINGTON (Reuters) – The U.S. government on Wednesday vowed to continue battling what it sees as significant trade barriers that are harming American companies and farmers, and singled out […]

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Crunch Time: Fast-food chains look to keep food crisp as deliveries soar

5/5 © Reuters. McDonald’s Crispy Chicken Sandwiches and fries are pictured in New York 2/5 By Siddharth Cavale and Hilary Russ (Reuters) – McDonald’s Corp (NYSE:) rolled out its new Crispy Chicken Sandwich in February. Wendy’s (NASDAQ:) Co is selling Crispy Chicken Nuggets. And chains like Shake Shack Inc (NYSE:) are known for having some […]

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Franc meltdown continues as risk tones keep calmer in European trading

EUR/CHF climbs to 1.1050 levels, nearing the October 2019 highs The franc is the biggest loser on the week so far in the major currencies space and that owes somewhat to a breakout in EUR/CHF as the pair climbs to its highest levels since October 2019 today, nearing resistance at around 1.1059.Invest in yourself. See […]

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Yellen says U.S. will keep tariffs on China in place for now

© Reuters. FILE PHOTO: Yellen holds a news conference in Washington By Andrea Shalal and David Lawder WASHINGTON (Reuters) – The United States will keep tariffs imposed on Chinese goods by the former Trump administration in place for now, but will evaluate how to proceed after a thorough review, Treasury Secretary Janet Yellen told CNBC […]

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Cable trims to decline as it looks to keep the uptrend going

Steady as she goes Cable is 45 pips above the session low and set for the highest weekly close since May 2018. It had a setback today after touching a two-and-a-half year intraday high today but the market is taking the soft PMI and retail sales numbers in stride. It’s another example of the market’s […]

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Analysis: Vowing budget control, Brazil faces pressure to keep spending

2/2 © Reuters. FILE PHOTO: Federal Deputies Pacheco and Andrada seen during Commission of Constitution and Justice meeting in Brasilia 2/2 By Jamie McGeever BRASILIA (Reuters) – Brazil’s government entered 2021 determined to slash last year’s record budget deficit, but a devastating second wave of COVID-19 and fragile economic growth are piling the political pressure […]

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Gold stalls at $1,900 again but buyers continue to keep in control for now

Gold gains remain limited going into the year-end Amid thinner market conditions, gold doesn’t much to work with as the year winds down as buyers are finding it tough to build further momentum after a solid December. For now, the $ 1,900 handle and the 100-day moving average (red line) is helping to put a […]

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